Sy, Villar PH’s richest – Forbes
Credit to Author: ANNA LEAH E. GONZALES| Date: Thu, 26 Sep 2019 16:19:57 +0000
The Sy siblings topped Forbes’ list of 50 richest Filipinos, having a combined net worth of P17.2 billion.
Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley inherited their fortune from their late father Henry Sy Sr., who topped the Philippines’ richest list for 11 years.
“Their combined net worth is comprised largely of stakes held in the group’s publicly traded SM Investments and SM Prime. SM traces its roots to Henry Sr., who sold overrun shoes in 1958 at a store in Manila he aptly called Shoemart,” Forbes magazine said.
Real estate tycoon and former senator Manuel Villar Jr. claimed the second spot with a net worth of $6.6 billion.
Villar is the chairman of Starmalls, one of the country’s largest mall operators, and Vista & Landscapes, the Philippine’s largest homebuilder.
John Gokongwei Jr., founder of JG Summit, which has interests in airlines, food and beverage, banks, power, and property ranked third with a net worth of $5.3 billion.
He was followed by Enrique Razon, who heads the International Container Terminals Services, the country’s leading terminal operator. Razon had a net worth of $5.1 billion.
Jaime Zobel de Ayala, the former chairman of the Ayala Group, took the fifth spot with a net worth of $3.7 billion.
The other businessmen who made it to the top 10 in this year’s list are LT Group founder and Chairman Lucio Tan with a net worth of $3.6 billion; Jollibee Food founder and Chairman Tony Tan Caktiong, $3 billion; San Miguel Corp. President and Vice Chairman Ramon Ang, $2.8 billion; Ty siblings Arthur, Alfred, Alesandra and Anjanette, children of late banking tycoon George Ty, who founded Metrobank, $2.6 billion; and Alliance Global Chairman Andrew Tan, $2.55 billion.
Those in the top 50 were:
11. Iñigo and Mercebes Zobel, $2.5 billion 12. Mercedes Gotianun, $2.2 billion 13. Consunji siblings Josefa, Isidro, Jorge, Luz, Maria Cristina and Maria Edwina, $2 billion 14. Lucio and Susan Co, $1.8 billion
15. Roberto Ongpin, $1.75 billion 16. Eduardo Cojuangco Jr., $1.5 billion 17. Robert Coyiuto Jr., $1.35 billion 18. Vivian Que Azcona and siblings, $1.15 billion 19. Ricardo Po Sr., $950 million 20. William Belo, $870 million 21. Dean Lao, $840 million 22. Dennis Uy, $660 milloon 23. Campos siblings, $650 million 24. Carlos Chan, $610 million 25. Delfin Wenceslao Jr., $500 million 26.
Jacinto Ng, $480 million 27. Oscar Lopez, $460 million 28. Edgar Sia, $400 million 29. Manuel Zamora, $360 million 30. Frederick Dy, $355 million 31. Mariano Tan Jr., $350 million 32. Jorge Araneta, $330 million 33.Tomas Alcanta, $300 million 34. Edgar Saavedra, $260 million 35. Michael Cosiquien, $250 million 36. Wilfred Steven Uytengsu Jr., $240 million 37. Alfredo Yao, $235 million 38. Jose Antonio, $215 million 39. Necisto Sytengco, $210 million 40. PJ Lhuillier, $208 million 41. Eusebio Tanco, $205 million 42. Jose Ma. Concepcion, $200 million 43. Erramon Aboitiz, $165 million 44. Philip Ang, $160 million 45. Juliette Romualdez, $150 million 46. Felipe Gozon, $145 million 47. Betty Ang, $141 million 48. Bienvenido Tantoco Sr., $140 million 49. Antonio Lee Tiu, $135 million 50. Menardo Jimenez, $130 million.